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Management

The general superintendence and management of the affairs of the
Corporation vests with the Board of Directors assisted by an
Executive Committee, Management Committee, Default review Committee
and the Managing Director who is appointed by the State Govt. The
Chairman of the Board of Directors is one of the senior most
Directors nominated by the State Government. However under the
amended Act, the Small Industries Development Bank of India(SIDBI)
in consultation with the State Government Nominates a Director as
Chairman for the Board whose term of office does not exceed three
years and is eligible for re-appointment as Chairman. The Board of
Directors ,as per SFC Act ,comprise the following:

A Director to be nominated as Chairman

Two Directors nominated by State Government of
whom one Director shall be a person who has special knowledge of
or experience in Small Scale Industries

Two Directors nominated by SIDBI

Two Directors nominated by Public Sector Banks,
LIC and Insurance Companies

Two Directors from the individual share holders
other than the mentioned above

Managing Director appointed by State Government
in consultation with SIDBI